AI assistant
Sberbank — Capital/Financing Update 2017
Mar 23, 2017
6349_rns_2017-03-23_25f4cb01-9fd5-459d-9b99-00fe74cdacea.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Sberbank / Miscellaneous - Medium Priority
22-March-2017 / 12:49 CET/CEST
Dissemination of a RegulatoryAnnouncement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement.
Sberbank assignedAAArating byACRA
March 21st 2017, Moscow - Sberbank was assigned anAAA credit rating with stable outlook by the Analytical Credit Rating Agency (ACRA).
Sberbank's rating is explained by the organization's high level of systemic importance to the Russian economiy.According to ACRA's assessment, Sberbank is characterized by a high level of standalone credit assessment as compared to its peers in Russia.
ACRA emphasized a very strong risk profile, adequate valuation of capital adequacy, adequate assessment of the risk profile and comfortable liquiditity position as some of the key factors applicable to Sberbank's rating score.
The stable outlook assumes a highly probable rating consistency over a period of the next 12-18 months.
ACRA was founded on November 20th 2015. The agency functions in compliance with the latest regulatory requirement and sees the provision of the Russian market with a quality rating product as its main task.
#
Sberbank
Alexander Baziyan Press Office Tel. +7 (495) 957 5721 [email protected]
Sberbank is Russia's largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and more than 4 million corporate clients in 20 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.
The Bank holds the general banking license No.1481 issued by the Bank of Russia. Official websites of the Bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.
The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de/ukreg
| Language: | English |
|---|---|
| Company: | Sberbank |
| 19 Vavilova St. | |
| 117997 Moscow | |
| Russia | |
| Phone: | +7-495-957-57-21 |
| E-mail: | [email protected] |
| Internet: | www.sberbank.ru |
| ISIN: | US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 |
| Listed: | Open Market (Basic Board) in Frankfurt; London, Moscow |
| Category Code:MSCM | |
| TIDM: | SBER |
| LEICode: | 549300WE6TAF5EEWQS81 |
| Sequence No.: 3977 |
End ofAnnouncementEquityStory.RS, LLC News Service